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General Parrott Insurance News

Parrott Insurance & Benefits Announces New Employee Benefits Associate

on May 23, 2017 in Announcements: Employer Group, General Parrott Insurance News, Staff News

Parrott Insurance & Benefits is pleased to announce that Dan Odorizzi has joined the firm as a partner and practice lead in their Raleigh office. Odorizzi brings more than 18 years of experience in the employee benefits industry. He will develop and implement effective employee benefit strategies for business clients and will steer growth and development in the...

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Reminder: Employers Must Use New Form I-9

on Feb 27, 2017 in Announcements: Employer Group, General Parrott Insurance News

As a reminder, employers should note that U.S. Citizenship and Immigration Services (USCIS) has released a new version of Form I-9, Employment Eligibility Verification. As of January 22, 2017, employers must use the updated form. Background Federal law requires employers to hire only individuals who may legally work in the United States–either U.S. citizens or...

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Weekly Economic Update, February 13-17, 2017

on Feb 17, 2017 in Announcements: Employer Group, Announcements: Financial Planning, General Parrott Insurance News

CONSUMER SENTIMENT SLIPS A BIT The University of Michigan’s preliminary February index of consumer sentiment came in at a reading of 95.7 Friday, compared with a final January mark of 98.5 (which was a 13-year peak). Economists polled by Bloomberg had expected a slight decline to 98.0. While this was the index’s lowest level in three months, it still...

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Weekly Economic Update, February 6-10, 2017

on Feb 17, 2017 in Announcements: Financial Planning, General Parrott Insurance News

POSITIVES & NEGATIVES IN JANUARY’S JOB DATA The Department of Labor’s latest jobs report showed 227,000 net new hires last month. Unfortunately, wages grew just 0.1% in January as the headline jobless rate rose slightly to 4.8%. The U-6 rate, counting the underemployed, rose 0.2% to 9.4%.1 STRONG CONSUMER CONFIDENCE & SPENDING While the Conference...

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Weekly Economic Update, January 9 – 13, 2017

on Jan 13, 2017 in Announcements: Financial Planning, General Parrott Insurance News

RISING WAGES, MODERATE HIRING IN DECEMBER The Department of Labor’s latest employment report shows the average hourly wage at $26.00 last month, up 2.9% in a year. That is the largest annualized wage increase seen since June 2009. Payrolls expanded by 156,000 additional hires in December, leaving total 2016 job growth at a 5-year low of 2.2 million. (This...

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